Types of Aid
Financial Aid
Hope International University participates in many excellent programs of financial aid to assist students in fulfilling their life-long dreams. Federal, State, and Institutional sources include the following:
- Federal Work Study (FWS)
- Academic Competitiveness Grants (ACG) and National SMART Grants (SMART)
- Cal Grants A and B
- Federal Pell Grants
- FSEOG (Federal Supplemental Educational Opportunity Grant)
- Federal Perkins Loans
- Federal Stafford Loans
- Federal PLUS Loans (parent loans)
- Veterans Benefits
Hope International University Scholarships, Grants, and Other Aid (for PCC students only):
- Institutional Scholarship
- Hope International Grant
- Minister's Dependent Tuition Grant
- Missionary Dependent Tuition Grant
- Presidential Scholarship $12,000 - minimum GPA for annual renewal 3.0
- Trustee Scholarship $10,000 - minimum GPA for annual renewal 2.5
- Dean's Scholarship $7500 - minimim GPA for annual renewal 2.0
- Royal Scholarship $5000 - minimum GPA for annual renewal 2.0
- Pacific Scholarship Transfer Student Awards
- $10,000 - College GPA 3.5 or greater
- $5,000 - College GPA 3.0 to 3.49
- $2,500 - College GPA of 2.50 to 2.99
While many students will qualify for multiple sources of aid, some combinations of grants, scholarships, Federal work-study, private scholarships, and/or loans will not be allowed to exceed 75% of Hope tuition. For international students, please contact the Office of International Admissions.
Veteran’s Benefits- Submit a DD-214 and VA Application for Educational Benefits to the Registrar’s Office.
Federal Work Study (FWS)
The Federal Work Study Program (FWS) provides funds to employ students (on-campus or off-campus in selected opportunities) who qualify for financial aid. Students must be enrolled at least half-time and demonstrate financial need (through the need-analysis process ). FWS awards typically range up to $2,000; however, requests for increases may be directed to the Financial Aid Office. Hourly wages are paid in compliance with minimum wage laws; students may work from 5 to 20 hours per week, depending upon the supervisor’s need and the student’s work-study award.
- Free Application for Federal Student Aid (FAFSA) (www.fafsa.ed.gov)
- Hope Financial Aid Questionnaire:
Federal Work Study awards will continue to be offered to students as long as funds and job opportunities are available. Federal Work study employment is coordinated through the office of Human Resources and students must fill out a FWS Job Application via the Hope FWS Job Application link listed above. The Financial Aid Office will award the FWS funds upon receipt of notification that the FWS Job Application has been submitted to Human Resources.
Apply Online for Federal Work Study
Academic Competitiveness Grants (ACG) and National SMART Grants (SMART)
The Academic Competitiveness Grant (ACG) and National SMART Grants (SMART) were created as a result of the Higher Education Reconciliation Act of 2005 to be awarded beginning in 2006-2007. Awards range from $750 to $4000 for students meeting the grant criteria. For a complete description of the programs and eligibility requirements click here.
Cal Grants A & B (California State Grants)
File FAFSA, Hope FAQ and CSAC GPA verification form. All three forms must be postmarked by March 2nd. Cal Grants A: up to $9708,
Cal Grants B: up to $1551.
Requirements: Based on GPA, California Residency, and financial need.
Federal Pell Grants
File FAFSA, and Hope FAQ. Both forms are required. Award range up to a maximum of $4050 depending on cost of attendance, financial need, and funding levels approved by the federal government.
Federal Supplemental Education Opportunity Grant (FSEOG)
File FAFSA and Hope FAQ. Both forms are required. Amounts range up to a
maximum of $800 - 1,400
depending on financial
need, and funding levels
established by the federal
government. Awarded to undergraduate
students with exceptional financial
need until the dollar limit is
exhausted.
Federal Perkins Loans
The Federal Perkins Loan Program provides a long term, low
interest student loan. These funds must be REPAID. Award
amounts are based on financial need and the maximum award
amount is $3,000 per academic year. Repayment begins nine
months after you graduate or cease to be enrolled at least
half-time at an eligible institution. The minimum repayment
is $420 a year for new borrowers. The maximum repayment
period is 10 years, but the actual amount of your payments
and the length of the repayment period is dependent upon the
size of your debt. No interest is charged until the repayment
period begins. The interest is 5% on the unpaid balance.
Perkins Loan recipients should be sure to complete a Perkins
Loan Promissory Note and Entrance Interview with the
Business Office. Contact Tracy Houser at (714) 879-3901,
extension 2214 or via email at thouser@hiu.edu to schedule
an appointment.
Federal Stafford Loans
The FFELP Loan Program provides low-interest, long-term
loans through the University. These funds must be REPAID.
Funding for these loans comes from bank lenders. These
loans can be subsidized or unsubsidized.
To be eligible to borrow a federal Stafford Loan, students
must be enrolled at least half-time (6 units undergraduate and
6
credential). If you drop below half-time during a semester,
the remainder of your loan may be canceled.
If you decide to borrow a Federal Stafford Loan, you will be
required to complete a Master Promissory Note. Visit the
following web site, http://www.edfund.org to complete the
promissory note online and choose your lender. Special Note:First-time borrowers at HIU are required to complete an
Entrance Loan Counseling session. Students may satisfy this
requirement by completing an on-line session via the
following web site http://www.edfund.org or students can
attend an in-person session by calling our office at (714) 879-
3901, x2638 to schedule an appointment.
The federal maximums are:
- $3500 per academic year for the first year of undergraduate study; $4,500 per academic year for the second year of undergraduate study; $5,500 per academic year for the remaining years of undergraduate and credential study, up to a total of$23,000 subsidized.
The interest is fixed and is established at 6.0% subsidized loans and 6.8 unsubsidized loans. Repayment normally begins six months following graduation or when you cease to be enrolled at least half-time. Payments and length of repayment period depends on the size of your debt but must be a minimum of $600 per year. Under special circumstances, repayment of a Federal Stafford Loan that is not in default may be deferred or canceled. Repayment, deferment and cancellation are handled by your lender or loan servicing center. If you are eligible for a Federal Stafford Loan, we have included one (either subsidized or unsubsidized or a combination of both) as part of your financial aid award.
Please refer to the following paragraphs to learn the differences between the subsidized and unsubsidized Federal Stafford Loans.
Subsidized Loan
The amount of a subsidized Federal Stafford Loan you can
borrow is the difference between the cost of education and
your resources (family contribution, financial aid, and any
other assistance you receive from the school and outside
sources). However, you cannot borrow more than the federal
maximum. If you are eligible for a subsidized loan, the
federal government pays the interest for you until your
repayment begins. Depending upon the lender you select, you
may be assessed an origination fee which is deducted by the
lender up front. The maximum origination fee allowed by
federal regulations is 1.0% plus a 1% federal default fee for
loans disbursed on or after July 1, 2008. This charge does not
reduce the amount you are required to repay.
Unsubsidized Loan
The unsubsidized Federal Stafford Loan is awarded to
students who do not qualify for the maximum subsidized loan
eligibility. The unsubsidized loan can replace all or part of
the family contribution. However, the amount of the loan
cannot be more than the difference between the cost of
education and any financial assistance you will receive from
the school and any outside source (including the subsidized
Federal Stafford Loan).
If you are a dependent student, your total Federal Stafford Loan (subsidized, unsubsidized, or a combination of both) cannot exceed the annual and/or aggregate federal maximums for these loans. Interest will be charged beginning the day the loan is disbursed to you until the day the loan is repaid in full.
Federal PLUS Loans (parent loans)
PLUS loans are intended to provide a source of financial
assistance to parents of dependent students. Parents (with
satisfactory credit histories) may borrow up to the estimated
cost of attendance each year, minus any financial aid awarded
to the student. Interest begins to accrue immediately after the
first disbursement. Repayment begins immediately after the
final disbursement of the loan occurs, with the first payment
due within 60 days. The fixed interest rate is 8.5%. If you are a
dependent student and your parent does not qualify for a
Federal PLUS loan, you may be eligible to borrow an
additional unsubsidized Stafford Loan. PLUS loan applications
are available in the Financial Aid Office or parents may choose
to apply online by visiting www.edfund.org.

